In 2023, India emerged as the largest exporter of parts and accessories for machines preparing manmade textiles, showing a moderate growth of 0.39%, while China maintained a solid performance with a 0.45% increase. Malaysia experienced significant growth at 7.28%, positioning itself as a rising player. Germany and South Korea saw declines, with contractions of 3.15% and 4.95% respectively. The UAE showcased impressive growth at 11.44%, suggesting expanding capacities or market shares.
Future trends to watch in the global export market include:
- Geopolitical influences potentially reshaping trade routes, especially involving China and India.
- The ongoing digital transformation in textile manufacturing, potentially altering demand dynamics.
- Environmental and sustainability considerations influencing manufacturing and export practices.
- The emerging markets in Africa and Southeast Asia becoming potential growth areas for exports.
Top countries in Export of Parts and Accessories of Machines for Preparing Manmade Textiles by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 10,529,000 | 2023 | +3.38% | +0.39% | View data |
| 2 | 2 China | 6,736,900 | 2023 | +2.51% | +0.45% | View data |
| 3 | 3 Malaysia | 2,601,000 | 2023 | +1.7% | +7.28% | View data |
| 4 | 4 Germany | 1,168,600 | 2023 | -1.78% | -3.15% | View data |
| 5 | 5 United Arab Emirates | 776,080 | 2023 | -0.41% | +11.44% | View data |
| 6 | 6 South Korea | 623,370 | 2023 | -6.48% | -4.95% | View data |
| 7 | 7 Slovakia | 432,410 | 2023 | +5.35% | -1.3% | View data |
| 8 | 8 Bulgaria | 374,340 | 2023 | +6.07% | +4.18% | View data |
| 9 | 9 Switzerland | 372,740 | 2023 | -3.39% | -6.3% | View data |
| 10 | 10 Italy | 352,460 | 2023 | -12.67% | -11.04% | View data |
